Snap, Nautilus fall; Nordson, Insulet rise
May 24, 2022, 1:28 PM | Updated: 1:58 pm
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
Best Buy Co., up 88 cents to $73.47.
The nation’s largest consumer electronics chain reported strong first-quarter revenue.
Nautilus Inc., down 48 cents to $2.03.
The maker of exercise bikes and treadmills forecast lower revenue for the current quarter than analysts expected.
Snap Inc., down $9.68 to $12.79.
The owner of social media app Snapchat warned investors that its second-quarter revenue will likely fall short of its forecasts.
Nordson Corp., up $4.96 to $210.86.
The maker of adhesives and industrial coatings raised its profit forecast for the year.
Abercrombie & Fitch Co., down $7.64 to $19.09.
The teen fashion chain’s first-quarter earnings fell far short of Wall Street forecasts.
KB Home, down 88 cents $ to $31.37.
A government report showed that fewer newly built homes were sold last month than economists forecast.
Insulet Corp., up $14.98 to $217.83.
DexCom is reportedly considering buying the maker of insulin infusion systems.
Citigroup Inc., down 9 cents to $52.68.
Falling bond yields weighed on banks, which rely on higher yields to charge more lucrative interest on loans.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
